1. Samsung (307.6 million units) | 2. Apple (191.4) | 3. Lenovo* (81.4) | 4. Huawei (68.1) | 5. LG Electronics (57.6) | Source: techcrunch.com
* includes sales of motorola
Lenovo has seen its profit slump by two thirds amid the ongoing global trend to use smartphones instead of PC's. The computer giant is struggling to diversify its products but said it faced "sizeable challenges."
A new study has revealed that Chinese smartphone maker Huawei has managed to gain ground on Samsung and Apple in terms of market share. But the US giant in particular is still in a different league.
Chinese technology giant Lenovo has reported a decent jump in quarterly profits. A closer look at its business figures revealed that the positive result was mainly due to cost-cutting measures, while PC sales slumped.
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